Lockheed Martin Corporation $LMT Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its position in Lockheed Martin Corporation (NYSE:LMT) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,670,284 shares of the aerospace company’s stock after buying an additional 10,349 shares during the quarter. Franklin Resources Inc. owned about 0.73% of Lockheed Martin worth $807,866,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LMT. United Financial Planning Group LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at $25,000. Tucker Asset Management LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at $32,000. Beacon Financial Strategies CORP acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at $34,000. Wexford Capital LP acquired a new stake in shares of Lockheed Martin in the third quarter valued at $36,000. Finally, Torren Management LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at $38,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.1%

NYSE:LMT opened at $524.13 on Monday. The firm has a market capitalization of $120.85 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 0.95 and a beta of 0.10. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $692.00. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The business’s fifty day moving average price is $556.10 and its 200 day moving average price is $560.80.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing the consensus estimate of $6.79 by ($0.35). The business had revenue of $18.02 billion for the quarter, compared to analyst estimates of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm posted $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, sell-side analysts forecast that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be given a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin’s dividend payout ratio is presently 66.83%.

Wall Street Analysts Forecast Growth

LMT has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a report on Friday, April 24th. Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Jefferies Financial Group reaffirmed a “hold” rating and set a $595.00 target price on shares of Lockheed Martin in a report on Sunday, April 26th. Finally, Argus upped their target price on Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lockheed Martin has an average rating of “Hold” and an average target price of $620.68.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.